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Industry to change FICO scores for buyers to keep housing bubble growing

The Federal Reserve, Wall Street, and the banking industry love housing.  In fact, they love artificially stimulating the housing industry so much that their efforts led to a collapse in 2007, and a near death event for the entire global financial system thanks to subprime loans, and derivatives off those mortgage contracts. So when it came time for the Fed and Wall Street to create a new bubble to artifici ...

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Fed (USA) 1 Germany 0: Eurozone leader gives up on getting its gold back from central bank

Under growing public pressures, Germany had called for a repatriation of their offshore gold reserves being held in French, British, and U.S. central banks back in 2012.  However, because the Fed claimed 'logistical' issues in delivering it back to them, the Eurozone leader had to accept a seven year shipping schedule from the U.S. to ever have it returned.. And now, on June 23, Germany suddenly appears to ...

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Michael Pento: Fed stopped QE because economy is cratering

On May 29, long time financial strategist Michael Pento spoke on the sudden drop in bond prices, and the ramifications of the falling Treasury notes.  During his 15 minutes interview with King World News, Pento laid out the only conclusion that could be drawn from both the Fed tapering, and the bond market falling... The realization that the economy is cratering. Eric King: Let's start with the bonds... the ...

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Fed using Belgium to mask fact that QE never ended, and there is no taper

The Federal Reserve, like any bank, has two faces.  One is the public face, which goes before Congress and speaks publicly on monetary policies.  Then there is a face that hides in the shadows, and does the primary work of facilitating control over the entire Western banking system. So when Federal Reserve Chairman Janet Yellen propagated the Quantitative Easing (QE) tapers of the last 8 months, what was re ...

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Fed Chair Janet Yellen refuses to answer if America is now an oligarchy

Earlier this week, Fed Chairperson Janet Yellen sat before the U.S. Senate and answered questions regarding central bank policy, and the state of the economy.  During one segment of her time on Capital Hill, Yellen was asked if she believed the country had evolved from a Democratic Republic into an oligarchy as attested by a recent Princeton Study.  Her answer itself was a disturbing mystery, as she obfusca ...

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Hunger Games: U.S. near the top in un-affordable food prices

Ever ask yourself why more than 50 million Americans are on food stamps?  All one has to do is look at a new chart out from Bloomberg economist Niraj Shah to discover than since 2007, only Estonia and Hungary (irony) have experienced more growth in their citizens being unable to afford to buy food than the U.S..  In fact, with a 21% growth in Americans unable to afford to buy food in just the past seven yea ...

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Fed surprises market with new round of tapering

On March 19, Janet Yellen released January's Federal Open Market Committee (FOMC) meeting minutes, with consensus prevailing for a new $10 billion round of tapering to begin in April. The Committee currently judges that there is sufficient underlying strength in the broader economy to support ongoing improvement in labor market conditions. In light of the cumulative progress toward maximum employment and th ...

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Nations dumping dollar reserves to the tune of $100 billion last week

The biggest threat to the U.S. dollar is not events in Ukraine, nor the economy, and not the stock markets.  No, the biggest threat has always been the over $16 trillion in offshore currency that might one day find its way back to the U.S.. And unfortunately, that day may be coming much faster than the U.S. anticipated.  A new report from the Treasuries In Custody (TIC) report showed that just last week, fo ...

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New economic report shows Wall Street’s ‘weather’ excuse a fraud

In last week's Beige Book, the Federal Reserve blamed harsh weather as being the primary factor for a slowing economy.  This report also came after several Wall Street banks, brokers, and analysts used harsh weather as an excuse when over 20 indicators came in below expectations this winter. However, RBC Capital Markets came out with a newly detailed report on March 11 showing how consumers actually increas ...

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Pentagon blames terrorism on global warming

You know you have run out of legitimate excuses when you begin blaming the weather for the outcome of events, yet this is exactly what the Pentagon is now doing in regards to the future frequency of global terrorism.  In the Pentagon's 2014 Quadrennial Defense Review (QDR), analysts are making the assertion that global warming is a key factor in the determination for future terror activity. "The impacts of ...

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Russia throws economic sanction threats back at the U.S. and EU

There is a biblical proverb that says, the borrower is slave to the lender, and this reality is quickly availing itself on America as they attempt to threaten Russia with economic sanctions due to their invasion of Ukraine and Crimea.  However, as the harsh reality of the proverb goes, America would face more dire consequences than Russia would if the Euro-Asian superpower chooses to impose their own sancti ...

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Senile former Fed Chair Alan Greenspan claims bubbles everywhere but U.S. markets

Even though the former Chairman of the Federal Reserve Alan Greenspan is too old to cut the mustard, he seems these days desperate enough to still try to lick the jar.  In a guest appearance on CNBC today, the former head of the U.S. central bank began blaming most financial worries on monetary 'bubbles' in foreign markets, while at the same time refuting that the Fed created highs in the Dow, Nasdaq, and S ...

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